Welcome to The Salt Lake City Area PRESENTED BY Kathy Rothe – Prudential Utah Real Estate
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About Utah and Salt Lake City ¾ State Capitol and Largest City ¾ #1 State for Business & Careers – Forbes Magazine ¾ #1 Best Quality of Life – Business Facilities ¾ #1 Most Fiscally Fit State – Forbes Magazine ¾ One of the 40 best cities for singles – Forbes Magazine ¾ Median Age – 27 ¾ Median M di IIncome $70,000 $70 000 ¾ Temperature Averages Jan = 27.9 F
July y = 77.9 F
April = 49.7 F
Oct. = 53.2 F
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Business Growth ¾ October 2010 16,500 new jobs added ¾ Host H H d Headquarters ffor over 20 corporations i ¾ Adobe, Twitter, EBay, Microsoft and Janicki Industries announced plans to expand to Utah ¾ Utah’s exports will grow to 13.5 Billion, up 7.3%
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Major Employers in Utah ¾ Intermountain Health Care
¾ Convergys Corporation
¾ Zion’s Bancorporation
¾ University of Utah
¾ Hill Air Force Base
¾ Associated Food Stores
¾ SkyWest Airlines
¾ Huntsman Corporation
¾ State of Utah
¾ Internal Revenue Service
¾ Walmart
¾ Teleperformance USA
*Ranked by # of Full-time employees
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Public Transportation & Commuting ¾ Salt Lake International Airport - #1 International Airport in US - Travel and Leisure magazine ¾ Utah Transit Authority operates over 100 bus routes light-rail service and airport transportation service to ski resorts in the winter door to door transportation for disabled passengers ¾ The Front Runner commuter rail line runs from Salt Lake City to Ogden ¾ Major Highways include Interstate 15, 70, 80, 84, 215
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Average Drive Times
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Downtown Points of Interest ¾ Olympic Park ¾ This is the Place Heritage Park ¾ Cathedral of Madeleine ¾ Temple Square ¾ Salt Lake Library ¾ State Capital ¾ Governor’s Mansion ¾ Washington Square
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Higher Education ¾ World-class educational programs as well as nationally ranked athletic programs. programs ¾ Over 10 Colleges and Universities including University y of Utah Brigham Young University Salt Lake Community College Utah Valley University Westminster College Utah State University Southern Utah University
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Public and Private Education ¾ 2nd Best Education Climate – Business Facilities ¾ Highest literacy rate in the nation ¾ There are 5 school districts in Salt Lake and the surrounding cities ¾ 5 Charter Schools, including Center for Science Education, Academy y for Mat,, Engineering, g g, and Science,, School for Performing Arts… ¾ Utah schools have 93% internet access as compared to the nationall average off 8 84.2% 2% ¾ Many Specialized Programs
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Healthcare ¾ 22 Surgical Centers/44 Hospitals ¾ University of Utah Hospital ¾ Primary Children’s Hospital ¾ St Mark Mark’s s Hospital ¾ SL Regional Medical Center y Dee Hospital p ¾ McKay ¾ Shriner’s Hospital ¾ VA Hospital ¾ Huntsman Cancer Institute ¾ Intermountain Health Care Medical Center ¾ LDS Hospital 12
Religious Organizations ¾ Assemblies of God
¾ Methodist
¾ Jewish
¾ Church of Jesus Christ of Latter-Day Saints
¾ Baptist ¾ Lutheran ¾ Buddhist ¾ Jehovah’s Witnesses ¾ Catholic
¾ Presbyterian ¾ Episcopal ¾ Seventh-day Seventh day Adventists ¾ Interdenominational ¾ Unitarian *Partial List Only
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Area Attractions ¾ Thanksgiving Point ¾ Utah Olympic Park – Park City ¾ Hansen Planetarium ¾ Hogle Zoo ¾ Red Butte Gardens ¾ Tracy Aviary ¾ Olympic Skating Oval ¾ Lagoon Amusement Park
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Area Sports ¾ Utah Jazz – NBA ¾ SL Bees – AAA Baseball ¾ Utah Grizzlies – IHL ¾ Real Soccer – 2010 World Champions! ¾ U of U Athletics ¾ BYU Athletics
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Recreation ¾ NASCAR ¾ Snow skiing ¾ Golf ¾ Hiking ¾ Biking ¾ Fishing ¾ Boating & Water Sports
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Shop ‘till You Drop ¾ Abercrombie & Fitch ¾ Cabella’s ¾ Costco /Target ¾ Dillard’s ¾ Home Depot/Walmart ¾ IKEA ¾ J.C. Penney / Sears ¾ Macy’s ¾ Nordstrom’s ¾ Pottery Barn ¾ Sephora
Shopping Destinations: ¾ Gateway y Mall - SLC ¾ Fashion Place Mall - Murray ¾ Valley Fair Mall - WVC ¾ Coming Soon to Downtown SLC - City Creek Center
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Enjoy the Arts & Culture ¾ Ballet West ¾ Museums - several ¾ Utah Opera ¾ Utah Symphony ¾ Theatre – Capitol, Hale, Off Broadway ¾ Art Festivals – Salt Lake & Park City ¾ Sundance Film Festival
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Fun Day Trips ¾ Great Salt Lake ¾ Park City ¾ Bear Lake ¾ Antelope Island ¾ Hill AFB Museum ¾ Lagoon Amusement Park ¾ Family F il Hi History t Lib Library ¾ Over 60 Snowshoeing Trails ¾ Skiing g – snow & water ¾ Over 100 Hiking & Mtn. Biking Trails within 30 min.
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Weekend Getaways ¾ Arches National Park ¾ Bryce Canyon
¾ Grand Staircase/Escalante National Park
¾ Canyonlands
¾ Lake Powell
¾ Capital p Reef
¾ Moab
¾ Dinosaur Park
¾ Shakespearean Festival
¾ Flaming Gorge
¾ Zion’s Canyon
¾ Glen Canyon
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Local Housing Market ¾30 to 45 days title conveyance ¾90% list/sale price average ¾Buyers Agency representation ¾Typically stable market, trended to buyer’s market ¾Flat appreciation projected for 2011 ¾2010 Decline in average sales price ¾New e construction co st uct o suburbs subu bs ¾Over supply of townhouses & condos ¾Increase in demand for rental properties 21
Local Housing Market METRO AREA HOUSING – AVERAGE SALES PRICE Kearns - $133,800 $133 800
West Valley City - $141,100 $141 100
West Jordan - $182,774
Murray - $198,200
2010 TAX DATA - Salt Lake County Real Estate Taxes* $100,000 = $900.00 Homestead Exemption $40,000 Sales Tax 6.85% 0 0 TAX DATA - Davis a s Cou County ty 2010 Real Estate Taxes* $100,000 = $800.00 Homestead Exemption $40,000 Sales Tax 6.5% 22
Communities – The West Valley ¾ Within a 30 minute or less commute ¾ Offer easy access via I-15, I-215, Hwy’s 201 and 154 ¾ West Valley City, Kearns, Taylorsville, West Jordan, South Jordan, Jordan Riverton ¾ Wide range of lifestyle and housing options ¾ Minutes to downtown and area services and attractions
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Sample Housing
West Valley – Condominium $ 123,000 3 BD/2.5 BA 1319 sq. ft.
Salt Lake City $ 135,000 3 BD/2 BA Built 2003 24
Sample Housing
Taylorsville $ 145,000 4 BD/2 BA 1392 sq sq. ft. ft
Salt Lake City $ 159,900 4 BD/3 BA 25
Sample Housing
West Jordan $ 194,900 4 BD/3 BA 2509 sq sq. ft. ft
West Jordan $ 200,000 5 BD/3 BD/3.5 5 BA 2715 sq. sq ft. ft 26
Sample Rental Housing
South Willow Apartments $565 ‐ $775/mo. 1 BD/1 BA to 2 BD/1 BA West Jordan
Woodgate Apartments $695 ‐ $1175/mo. 1 BD/1 BA to 3 BD/2 BA West Jordan 27
Sample Rental Housing
Serengeti Apartments $699 ‐ $1129/mo. 1 BD/1 BA to 3 BD/2.5 BA West Jordan
San Moritz Apartments $799 ‐ $1269/mo. 1 BD/1 BA to 3 BD/2 BA Midvale 28
Utah & Greater Salt Lake Welcomes You ! #1 State for Business & Careers – Forbes Magazine #1 Best Quality of Life – Business Facilities #1 Most Fiscally Fit State – Forbes Magazine #1 in the Nation for Economic Outlook – Rich States, Poor States One of the 40 best cities for singles – Forbes Magazine Home to 5 National Parks Titl off “Th Title “The Greatest G t tS Snow on Earth” E th” The Happiest State in America ! – Gallup Poll
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Questions? For further information, questions or concerns, please contact:
Kathy Rothe, Director of Relocation Prudential Utah Real Estate 800.882.9880 801.990.1481 krothe@pru-utah.com
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